Regalis Petroleum Limited
Universal Coal Resources Pte Ltd

Oil & Gas Projects, Namibia
Combined direct and indirect holding of 12.66%

Polo’s strategic interest in the private and independent oil and gas company, Regalis Petroleum, offers good upside potential as Regalis works to acquire and develop key oil concessions in Chad and other countries across sub-Saharan Africa.

Chad - 3 exploration blocks in Chad, proximate to Glencore’s producing Managara field and Grim discovery. All three blocks (Largueau IV, DOA and WD 2-2008) are contained within the same licence, two of which, DOA and WD 2-2008, are in the prolific Doba Basin. Regalis holds beneficial, economic and operational rights in respect of 72.5 per cent of the licence.

The Republic of Chad, Central Africa, has an emergent upstream oil & gas industry with significant light crude potential in the south of the country. Export from the south of the country is possible through Exxon Mobil's joint venture pipeline to Cameroon's Atlantic pumping station.

Regalis is well capitalised to build a strong exploration footprint across Africa and to drive asset upside through exploration, including 2D and 3D seismic data acquisition.

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